The Tesla Experiment

When it comes to investors’ irrational exuberance in the markets, it does seem like it is no different from a child’s excitement about things that deliver instant gratification. Except unlike kids, we tend to rationalise what is entirely an act of emotion. Here’s a heartwarming story of a father taking his adolescent son on a quick introductory lesson on the stock market with an experiment involving buying one Tesla share and going through the euphoria of its sharp rally and the eventual despair from a minor crash, all within days.